Pittenger & Anderson Inc. Sells 72,754 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Pittenger & Anderson Inc. lowered its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 85.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,104 shares of the company's stock after selling 72,754 shares during the quarter. Pittenger & Anderson Inc.'s holdings in PepsiCo were worth $1,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $28,000. Elite Financial Inc. acquired a new stake in PepsiCo during the first quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the fourth quarter worth approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the fourth quarter worth approximately $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $33,000. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PEP. Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group cut their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday. Morgan Stanley cut their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $158.19.

PepsiCo Stock Up 0.2%

Shares of NASDAQ PEP traded up $0.31 during mid-day trading on Monday, reaching $135.57. The company had a trading volume of 8,477,672 shares, compared to its average volume of 8,400,400. The stock has a market capitalization of $185.88 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The stock's 50 day moving average is $131.49 and its 200-day moving average is $141.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.61 earnings per share. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $1.4225 dividend. The ex-dividend date was Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.20%. PepsiCo's payout ratio is 83.68%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.